Online, some speculated it could be a mashup of “Ova” (perhaps for rebirth) and “inventive” (meaning the obvious). Secondly, it doesn't matter,” he said. “They might really be focused on the story about innovation and how they want to push something different and something new in that way.”, He said the Canadian brand is still viewed positively, but “we've been a heavily based commodity economy for quite a long time and we're slowly changing and evolving and moving from that.”. Approximately 80% of total long-term debt is due in 2024, or beyond, with a weighted average bond maturity of approximately 10 years. Ovintiv, with which the oil and gas producer plans to rechristen itself once it moves its headquarters to the United States next year, offers no hint of what the company does or where it's from. Ovintiv Inc--Ovintiv Takes Immediate and Significant Action- Red "We are moving quickly and decisively in response to these volatile and challenging times.   Please read the legal notice on the site before you proceed. Free capital spending, drilling & production forecasts - 2019 Guidance with the Daily Oil Bulletin. Ovintiv maintains the investor relations section of this internet site as an informational service.   Note: Sensitivities do not include gains or losses related to differential hedges. Nothing in the “Suppliers” sub-section of this website shall create any commitment by Ovintiv to consider or enter into any business relationship with you. Alan Middleton, a York University marketing professor, laughed at the mention of the new moniker. Ovintiv has not reviewed and is not responsible for the content of any third party sites linked to or from this website and does not make any representations regarding the privacy practices, content or accuracy of materials on such third party sites. © Glacier RIG Ltd., all rights reserved. Conversion of natural gas volumes to barrels of oil equivalent (“BOE”) is on the basis of six thousand cubic feet to one barrel. Given that the value ratio based on the current price of oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value, particularly if used in isolation. No warranty of any kind, including warranty of merchantability, non-infringement of intellectual property rights, third party rights, title, fitness for any particular purpose or freedom from computer viruses or other contaminating or destructive properties, is given in conjunction with the information contained in this website. Beyond that, it's up to the organization to deliver its meaning.”. The Company utilizes more than a dozen "A" credit rated hedge counterparties. FLS are made as of the date hereof and, except as required by law, the Company undertakes no obligation to update or revise any FLS. This is the first step in response to the recent large drop in oil prices. A recent U.S. shelf registration filing was made on. Risks and uncertainties include: ability to generate sufficient cash flow to meet obligations; commodity price volatility; ability to secure adequate transportation and potential pipeline curtailments; business interruption or unexpected technical difficulties; counterparty and credit risk; impact of changes in credit rating and access to liquidity; risks in marketing operations; and other risks and uncertainties as described in the Company's Annual Report on Form 10-K and as described from time to time in its other periodic filings as filed on SEDAR and EDGAR. Certain materials in this website contain “forward-looking statements” and “forward-looking information” within the meaning of applicable U.S. and Canadian securities laws. Ovintiv is fully prepared to further reduce capital investments and activity levels as market conditions dictate. Encana CEO says Montney would produce more if regulated in the U.S. Oil slumps below $39 on surging virus and stimulus stalemate, Markets expected to take measure of Cenovus Husky deal as earnings season begins, Rising Star duo share passion for creating change in industry. By using this website, you agree that Ovintiv and its affiliates, and their respective directors, officers, employees and agents are not responsible for any loss of any kind arising out of the access to or use of this website or any information contained herein. Markets & Investment Branding experts say that's likely to be the point. Although Ovintiv believes this information to be correct at the time it is posted, Ovintiv does not warrant the accuracy, completeness or currency of this information. All information contained in this website is provided on an as-is and as-available basis without any representations, warranties or endorsements whatsoever. Note: Please refer to the Non-GAAP Definitions and Reconciliations on the Company's website. Forward-looking statements include terms such as “anticipate”, “believe”, “intend”, “plan”, “expect”, “estimate”, “budget”, “outlook”, “forecast”, “agreed to” and other similar terms; however these words are not the exclusive means of identifying such statements. Note: Company has additional hedges on Butane and Propane not included. “Apparently, the company's board concluded even keeping a name that implies Canadian roots repels investors.”. More than 70% of 2020 crude oil and condensate production and 2020 natural gas production is hedged at prices significantly above the current market. It's a big part of our heritage.”. Oil & Gas “The Americanization of the company is distressing enough, but the loss of the Encana name is particularly heart-wrenching,” Morgan wrote. Statements relating to “reserves” or “resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on estimates and assumptions, that the reserves and resources described exist in the quantities estimated, and can be profitably produced in the future. DENVER, March 12, 2020 /CNW/ - Ovintiv Inc. (NYSE, TSX: OVV) today announced plans to immediately reduce second quarter 2020 capital investments by $300 million and full year cash costs by $100 million. U.S. & International. From the landscapes to the mountains to the…, Democrat Joe Biden's remark that he would “transition'' away from oil in the U.S. in favour of renewable energy drew…, An ambitious hydrogen project in western Australia that seeks to become the world’s largest renewable energy export facility got a…. “It's kind of a blank slate, which appears to be what they wanted to go for,” said Darren Dahl, a marketing professor at the University of British Columbia. For convenience, references in this website to “Ovintiv”, the “company”, “us”, “we” and similar references, may, where applicable, refer only to or include any relevant direct and indirect subsidiary corporations and partnerships of Ovintiv and the assets, activities and initiatives thereof. Ovintiv expressly disclaims any liability for errors or omissions in the information contained in this website and such information does not constitute a solicitation or an offering of securities in any jurisdiction. Certain materials in this website contain “forward-looking statements” and “forward-looking information” within the meaning of applicable U.S. and Canadian securities laws.

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